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Wake County, NC · Sold

NC-285199

961 County Road 237

$55,200
$2,838/ac · 19.45 ac
Acreage19.45 ac
Price per acre$2,838/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedJan 3, 2026
Coordinates35.8450, -78.6486
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Wake County, North Carolina. Piedmont builder demand plus mountain view lots in the west.

View Wake market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
33
Moderate risk
Wetlands7.2% of tract

Little to no mapped wetland coverage.

Average slope1.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power3,442 ft away

Service extension needed; get a utility quote.

Buildable area17.15 of 19.45 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$62,232
$51,625$72,840 · $3,200/ac on 19.45 ac
Asking vs estimate
-11.3%
Priced below the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $55,200
Maximum allowable offer
$35,561
$1,828/ac · +30.0% target margin

You need $19,639 off asking to hit this margin.

All-in cost$38,584
Net resale$57,254
Projected profit$18,670
ROI+48.4%
Annualized+69.3%
Break-even resale$2,156/ac
Profit if resale lands off target
-20%
$7,219
-10%
$12,945
0%
$18,670
+10%
$24,395
+20%
$30,121
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-154945
Landlocked · Full utilities
16.2May 9, 2026$93,1005,7553,9675.1 mi
84
NC-604686
Gravel · Power at road
13.4Jul 27, 2026$67,4005,0292,7948.5 mi
82
NC-974370
Gravel · Off grid
10.7Jul 27, 2026$62,8005,8833,7661.2 mi
80
NC-825316
Gravel · Power at road
21.2Aug 26, 2025$124,3005,8723,5715.8 mi
76
NC-886079
Gravel · Power at road
36.8Apr 18, 2026$138,0003,7502,4191.2 mi
75
NC-404841
Landlocked · Power at road
15.0Jul 17, 2024$39,4002,6272,3566.4 mi
75
NC-644612
Landlocked · Off grid
12.7Dec 7, 2024$41,2003,2453,3162.4 mi
74
NC-774987
Gravel · Off grid
16.7Nov 19, 2024$75,8004,5433,2547.5 mi
72
NC-286304
Landlocked · Off grid
43.3Jun 28, 2025$102,4002,3652,8106.9 mi
68
NC-626032
Paved · Off grid
35.6Sep 18, 2025$199,0005,5963,6649.9 mi
68
Show adjustment detail for the top comp
  • Tract size (16.18 ac → 19.45 ac)-2.2%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (3 mo)+1.1%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.